Hi-P International Fires Up Next Chapter with AIoT Ambitions

Hi-P International is a leading contract manufacturer that has come a long way from its humble beginnings. Founded in 1980 by Yao Hsiao Tung, the company was initially struggling to stay afloat, with profitability elusive and bad debts piling up. It wasn't until Molex invested $140,000 for a 35% stake in the company that Hi-P's fortunes began to change.

Under Yao's leadership, the company grew exponentially, increasing revenue by 10-fold every seven years. From manufacturing plastic mould components, Hi-P expanded its capabilities to producing complete products from scratch for half of its customers. The value it delivered rose in tandem, with revenue surging past $1 billion in 2008.

Today, Hi-P boasts a blue-chip clientele that includes Amazon, Meta Platforms, Colgate-Palmolive, Dyson, Keurig, Procter & Gamble, and Logitech. With $2 billion in annual revenue, the company is firmly established as a global force in the manufacturing industry.

But Yao's ambition burns brightly still, and he is now focused on the next frontier: Artificial Intelligence of Things (AIoT). This technological leap brings together AI and IoT to produce intelligent, interconnected systems that can autonomously make decisions, automate tasks, and optimize processes. Hi-P intends to be at the forefront of this revolution.